Despite the underperformance of fixed income we discuss in this Spotlight guide why the value proposition of the asset class hasn't gone away. In particular we review how the RLAM management team use existing, proven funds to actively manage consistent monthly income streams and adapt the portfolio to changing interest rate and credit market factors.

Within this guide, you will find some surprising survey results from FE, a selection of adviser opinions and some Architas views too. We hope this guide will provide you with some food for thought on this burning issue.

FSA to publish T&C paper on Thursday

FSA officials say the long-awaited follow-up to David Jackman's FP9 consultation paper on Training & Competence (T&C) will be released on Thursday.

Initial plans were to release the paper in September, according to comments from David Jackman, FSA head of industry training and business ethics and John Tiner, FSA managing director, when they spoke at the LIA conference earlier this year.